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Dec 21, 2012
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get in touch with us here, e-mail us, worldwide@cnbc.com. tweet us. >>> joe gill has decided not to slap a downgrade on the country's growth for the first time in four months. japan looks set to recover from its fourth remember session in 12 years on a pick up in industrial demand. still, it did warn that japan's economic environment remains week. the bank of japan also says foreign ownership of government bonds has risen to a record high at the end of september. this is important. the data suggests japan is growing more reliance on overseas investors to fund the nation's massive debt. reuters is reporting that heavy demand from japanese investors has helped increase foreign holding of polish sovereign bonds. asian investors are apparently attracted to poland's better returns and less risky economy. for more on this, we're joined by rajig beswos. i just want to start here on this point about japanese investors buying polish debt. you can understand why a japanese investor is looking for yields. is there any reason to be concerned about their
get in touch with us here, e-mail us, worldwide@cnbc.com. tweet us. >>> joe gill has decided not to slap a downgrade on the country's growth for the first time in four months. japan looks set to recover from its fourth remember session in 12 years on a pick up in industrial demand. still, it did warn that japan's economic environment remains week. the bank of japan also says foreign ownership of government bonds has risen to a record high at the end of september. this is important. the...
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Dec 20, 2012
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we hope it's by watching us here on "worldwide exchange." e-mail us, tweet us. ross westgate will be back tomorrow if the world doesn't end. stick around. to south korea, the incoming president says she wants warmer ties, but it has to be on her terms. plenty more when we come back. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express [ maby december 22nd break from the holiday stress. for christmas delivery. >>> south korea's president elect park geun-hye wants it known that she's not willing to make concessions with the north. she says she wants to pursue further relations. only if the north abandon its nuclear program. why should they take her seriously? sherry kang explains. >>> scenes of victory and celebration after park geun-hye won the presidential elections. >> this election is your victory. this is a victory brought by the people's hope for overcoming crisis and economic recovery. >> the daughter
we hope it's by watching us here on "worldwide exchange." e-mail us, tweet us. ross westgate will be back tomorrow if the world doesn't end. stick around. to south korea, the incoming president says she wants warmer ties, but it has to be on her terms. plenty more when we come back. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex...
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Dec 3, 2012
12/12
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patrick garvey joins us for more. thanks for joining us. just looking at where spanish yields are at the moment, sort of 5.2% handle, i can't see spain rushing for assistarizon y too many soon. >> that's right. it's been a fantastic few months starting off in july when draghi first talked about the omt program or gave hints about it. and it's carried out to the past couple of weeks. spain has been doing okay. for as long as i can continue, there isn't really any prospecs of spain asking for help. but i think the market knows that if spain does ask for help, there's always the back stop of the omt and that's why spain is doing what it's doing. so so far so good. >> starting to get ahead of a heavy 2013 program. will that throw out problems? >> i think they're pursuing the right strategy. the big difference on this front between italy and spain is that italy has a big fall in redemptions next year when it takes off pressure for sly flex year. spain has the opposite problems, a rise next year. so it's technically done for this year and the rea
patrick garvey joins us for more. thanks for joining us. just looking at where spanish yields are at the moment, sort of 5.2% handle, i can't see spain rushing for assistarizon y too many soon. >> that's right. it's been a fantastic few months starting off in july when draghi first talked about the omt program or gave hints about it. and it's carried out to the past couple of weeks. spain has been doing okay. for as long as i can continue, there isn't really any prospecs of spain asking...
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Dec 10, 2012
12/12
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stay with us. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grounipping at fedex office. >>> you are watching "worldwide exchange." no rest for italy. banking stocks lead the ftse mib lower as political uncertainty speaks investors. economic malaise in europe, japan and the u.s. all taking its toll. and obama and boehner meet face-to-face as the clock ticks towards the fiscal cliff. >>> china's growth has recently improved. may well be on track to surpass beijing's 7.5% gdp target for the year. but november's softer than expected trade data highlights the vulnerability to riskes from abroad. joining us more now is eunice eune. how likely is it that we see china hit or surpass these growth targets given the figures showed us? >> well, people are growing concerned abou
stay with us. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grounipping at fedex office. >>> you are watching "worldwide exchange." no rest for italy. banking stocks lead the ftse mib lower as political uncertainty speaks investors. economic...
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Dec 26, 2012
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can you tell us what's driving that change? >> yeah. i think you have to continue to be cautiously optimistic for the emerging markets because obviously there's a growth story there. there's a lot of growth that investors want to capture. there's still a lot of outstanding risk. we saw a lot of that risk play out this year both on the government side, the reform side, as well as currencies. so i think there's definitely a handful of risks. and you have to kind of -- the play for emerging markets is change. i think when you used to invest as efts, you have to look at the markets differently. i think you have to be more careful. >> all right. let's focus on india. i know you just got back from a long trip where you were evaluating the investment landscape in india. obviously we've seen a lot of foreign investors allocate capital into this market. we are looking at the rupee depreciating significantly over the last year. the company dealing with other problems including lack of infrastructure, some policy changes. what is your recent -- i
can you tell us what's driving that change? >> yeah. i think you have to continue to be cautiously optimistic for the emerging markets because obviously there's a growth story there. there's a lot of growth that investors want to capture. there's still a lot of outstanding risk. we saw a lot of that risk play out this year both on the government side, the reform side, as well as currencies. so i think there's definitely a handful of risks. and you have to kind of -- the play for emerging...
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Dec 11, 2012
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joining us is diana fowl. diana, thanks for joining us. how big is the gap between what employees are looking for for entry level staff and the skills that the current graduates are offering? >> the gap is tremendous. it's a real tragedy. you mentioned the very high youth unemployment numbers, but 75 million youths today and eight youths, half of youths in the middle east and half of youths in greece and others, that 75 million can be contrasted to the shortage of workers for medium and high skill jobs which we establishment by 2020 could reach 85 million. so we have a paradox of too many jobs, too many vacancies and, therefore, an education and unemployment system that is not working correctly. unfortunately not enough data on this matter is available. so our studies, 100 case studies and surveys 8,000 participants in the system across nine countries tries to provide a fact base. and the news is not wonderful. what we learned is that the icip really operate in the system. they participate in parallel universes, if you look. for example, y
joining us is diana fowl. diana, thanks for joining us. how big is the gap between what employees are looking for for entry level staff and the skills that the current graduates are offering? >> the gap is tremendous. it's a real tragedy. you mentioned the very high youth unemployment numbers, but 75 million youths today and eight youths, half of youths in the middle east and half of youths in greece and others, that 75 million can be contrasted to the shortage of workers for medium and...
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Dec 24, 2012
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ralph silva staying with us. up next, less than a day to go before the big day, we take a look at what some of the top toys have been this year. >>> good morning. welcome to "worldwide exchange." i'm karen cho. >> good morning, everybody. i'm louisa bojesen. these are your headlines from around the world. >> with just one week to go before the u.s. economy goes over the fiscal cliff, law marriages are pointing fingers and playing the blame game. >> mario monti is saying he's available to lead italy, but only for a party willing to push his economic agenda. >> but he has competition in the form of sylvia berlusconi, italy's former prime minister tells cnbc he feels a responsibility to run. >> translator: i feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales. but u.s. shoppers, they may be running lower on holiday spirit and analysts are saying that they're spending less, as wel
ralph silva staying with us. up next, less than a day to go before the big day, we take a look at what some of the top toys have been this year. >>> good morning. welcome to "worldwide exchange." i'm karen cho. >> good morning, everybody. i'm louisa bojesen. these are your headlines from around the world. >> with just one week to go before the u.s. economy goes over the fiscal cliff, law marriages are pointing fingers and playing the blame game. >> mario...
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Dec 28, 2012
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still with us, alistair. first of all, it seems like netanyahu has the upper hand in terms of the elections. is there any doubt that he's going to be re-elected? >> there's always a bit of doubt. but he and his part they are, as you put it, the party, the extreme right wing party, they'll probably only get something like 35 seats. and they need 6 is for a majority. so they're still going to have to negotiate with the coalition, probably bring. >> a couple of the orthodox jewish parties. and there's a couple of right centers which together are likely to give them a stable majority. so i think marginal the possibility of netten use hue not being returned to prime minister's office. now, for the last year, i've been saying, including several times on cnbc, that netanyahu would not launch a strike against iran until this election was out of the way. now, i could still be proved wrong, but it's sort of looking like one of my better calls at the moment. and markets seem to have got that message on board. if you thi
still with us, alistair. first of all, it seems like netanyahu has the upper hand in terms of the elections. is there any doubt that he's going to be re-elected? >> there's always a bit of doubt. but he and his part they are, as you put it, the party, the extreme right wing party, they'll probably only get something like 35 seats. and they need 6 is for a majority. so they're still going to have to negotiate with the coalition, probably bring. >> a couple of the orthodox jewish...
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Dec 31, 2012
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stay with us. coming after the break, we want to talk specifically about municipal debt which has been one of the areas that perhaps has been under cover but has seen an impact as the fiscal cliff approaches. congress may be able to avoid the starry cliff. they're set to temporarily extend the u.s. farm bill. the move would keep a long dormant milk subsidy from coming back to life when the current bill expires today. under a new law, the milk could be forced at prices well above what farmers are getting now if that subsidy was pushed aside. let's get a look at what's on the agenda this week in the u.s. there is no data out today and markets will put in a full trading session on wednesday. thursday is the adp employment report and weekly jobless claims. friday brings the december payroll numbers. we also get ism services and factory orders. plenty of data there. it will be quite a busy week. from all of us here at "worldwide exchange," happy early new year. on that note, we want to know if you made
stay with us. coming after the break, we want to talk specifically about municipal debt which has been one of the areas that perhaps has been under cover but has seen an impact as the fiscal cliff approaches. congress may be able to avoid the starry cliff. they're set to temporarily extend the u.s. farm bill. the move would keep a long dormant milk subsidy from coming back to life when the current bill expires today. under a new law, the milk could be forced at prices well above what farmers...
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Dec 18, 2012
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e-mail us your thoughts or tweet us. and moving forward, i think we have just mentioned what you can do with the e-mails. and now we want to take a look at the markets. the ftse 100 adding .3%. double that for the xetra dax. the cac 40 up by about .25% and the ibex is snapping up this morning. it's up about 1%. the bond will reflect this risk on attitude. we're seeing spain and italy yields falling 5.4% or just under that level in spain. gilt in particular, if you look at the 1.92% level, this on the back of the inflation report which showed cpi up 2.7% year on year. forex, the euro/dollar was stronger earlier. we're seeing just a little bit to the up side. not too far off the 1.32 mark which is extraordinary. the sterling moving to a multi month high. 1.62. it's just over that level this morning, up .1%. >>> now, spain will keep a quick look -- take a quick look at the results from italy in this debt auction. we've got basically an offering of short-term bills, three month and six-month bills. the yields on that are sti
e-mail us your thoughts or tweet us. and moving forward, i think we have just mentioned what you can do with the e-mails. and now we want to take a look at the markets. the ftse 100 adding .3%. double that for the xetra dax. the cac 40 up by about .25% and the ibex is snapping up this morning. it's up about 1%. the bond will reflect this risk on attitude. we're seeing spain and italy yields falling 5.4% or just under that level in spain. gilt in particular, if you look at the 1.92% level, this...
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Dec 27, 2012
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for us, it's innovation. at a time when the squeeze are on, innovation is sometimes on the back burner because price becomes the most important thing. maybe i don't get the best product available in the market but i get a product that does the job and it's cheaper. if it's becoming a little more tense, that may be in one or two markets the dominating factor. i have to deal with that. so for us it means more agile, faster reaction, reducing costs and dealing with the balance sheet. >> some businesses are now controlled by asian companies like the pc manufacturing. do you think it's the fate of the telecom equipmentmaker? >> i don't agree with that for the first reason that a lot of this is transforming. you picked up the phone to talk. today, you pick up a tablet to do many different things. you get a mixture of the telecom world. so that environment is so inf x influxed, there are so many different forces coming through to the forefront that you need not just to have your technology side, you need to have you
for us, it's innovation. at a time when the squeeze are on, innovation is sometimes on the back burner because price becomes the most important thing. maybe i don't get the best product available in the market but i get a product that does the job and it's cheaper. if it's becoming a little more tense, that may be in one or two markets the dominating factor. i have to deal with that. so for us it means more agile, faster reaction, reducing costs and dealing with the balance sheet. >> some...
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Dec 4, 2012
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joining us is portfolio manager at anc capital. arthur, thanks for joining us. how important are heathrow slots if you want to compete? >> i think they're important to have a presence there and when you look at what delta is doing specifically, they're increasing their scope. and when you look at the flights and the offerings that delta has, it's week relative to american b.a. so what delta wants to do, it smells an opportunity here to give an offer to go customers because this is a network business and move those customers that maybe are going on ba, aa, or united out of newark on o. to the delta large system. and that's the opportunity it has. and conversely people here that want to come to the states or the big network delta has to get people to points beyond i think for virgin to be part of a transaction here, you get the united states market which is a large market. >> you have sink more airlines which would sell, sky team with delta and sort of ba, aa team, as well, how are those three global shaping up, who is winning? >> well, i'm partial to sky team. sk
joining us is portfolio manager at anc capital. arthur, thanks for joining us. how important are heathrow slots if you want to compete? >> i think they're important to have a presence there and when you look at what delta is doing specifically, they're increasing their scope. and when you look at the flights and the offerings that delta has, it's week relative to american b.a. so what delta wants to do, it smells an opportunity here to give an offer to go customers because this is a...
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Dec 7, 2012
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send us your predictions. you can e-mail us, worldwide@cnbc.com, tweet @cnbcwex, or even get direct to myself, @rosswestgate. and while we wait for the employment report, more thoughts about where european growth is going. drifting away. the bundesbank has warned of a possible recession in germany. central bank cutting its growth forecast for the eurozone's biggest economy and that expects growth to reach just 0.4% in 2013. a big cut from previous forecasts of 1% and 1.6%. there's also no political crisis in italy by the way. support has been withdrawn for the group run by monti. berlusconi hinted he may return to politics after stepping down last year. claudia joins us in milan. a number of reports suggested this may not upset investors too much just because we were going to have elections anyway, it doesn't bring it forward a lot earlier. is that the sense that you're getting? >> yes, it doesn't really change in terms of the timing. it just gives you an idea, though, of where berlusconi stands and what the s
send us your predictions. you can e-mail us, worldwide@cnbc.com, tweet @cnbcwex, or even get direct to myself, @rosswestgate. and while we wait for the employment report, more thoughts about where european growth is going. drifting away. the bundesbank has warned of a possible recession in germany. central bank cutting its growth forecast for the eurozone's biggest economy and that expects growth to reach just 0.4% in 2013. a big cut from previous forecasts of 1% and 1.6%. there's also no...
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Dec 17, 2012
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joining us is the chief economist at diawa capital markets. thanks for joining us. at what sort of pace do you think this leadership might be able to implement their reforms, their switch to domestic demand? will they go at the same pace as the previous administration? >> i would say the pace would be faster. i would say most people are surprised by how fast the new leaders actually took actions. you know, mr. shi and the shenzhen a few weeks ago and he made et very clear that he's going to take the path since 1978. so basically, the new leader is ready for reforms, for changing the growth pattern for china's economy. so i think it's going to be very fast. but on the other hand, the new leaders mentioned about the challenges, the difficulties of these reforms. i think everybody understands what it means. so i think the launch of these reforms, off this economic growth model will be prequick. but in terms of the completion, i think it's going to be quite prolonged, i think. >> yeah. and how much difficulty are they going to have as they change policy dealing with the
joining us is the chief economist at diawa capital markets. thanks for joining us. at what sort of pace do you think this leadership might be able to implement their reforms, their switch to domestic demand? will they go at the same pace as the previous administration? >> i would say the pace would be faster. i would say most people are surprised by how fast the new leaders actually took actions. you know, mr. shi and the shenzhen a few weeks ago and he made et very clear that he's going...
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Dec 6, 2012
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joining us is u.s. leader of m&a practice at pricewaterhouse which is forecasting sustaineded activity. what impact is the fiscal cliff having? >> it's impacting the level of activity in the final quarter of 2012. we are seeing acceleration. if we look at volume and values of deals in october and november, we popped up 10%, 15% above the average after the previous nine months. so i think if you were contemplating the deal between september of this year and march of next, the likelihood is you'll try to pull it forward to try to take advantage of the capital gains tax certainlily. >> so if you're rushing through this year, there will be a lull in the first quarter. >> yeah. i agree. i think we will potentially see a lull in the first quarter. but on the assumption that we do get past the fiscal cliff with successful resolution, which i think we're all optimistic we will, i think fundamentals are strong. we have corporate balance sheets still strong. we have private equity with a lot of available cash. an
joining us is u.s. leader of m&a practice at pricewaterhouse which is forecasting sustaineded activity. what impact is the fiscal cliff having? >> it's impacting the level of activity in the final quarter of 2012. we are seeing acceleration. if we look at volume and values of deals in october and november, we popped up 10%, 15% above the average after the previous nine months. so i think if you were contemplating the deal between september of this year and march of next, the...
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Dec 19, 2012
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e-mail us, worldwide@cnbc.com. tweet us here @@cnbcwex. >>> going, going gone. depleting resources isn't just a concern for environmentalists but for the community, their. as finite materials become scarer and prices inch upwards, some companies have to look at alternatives. the resource crunch may be around the corner. joining us for more is tom delay, chief executive of the carbon trust. tom, welcome. >> good morning. >> you've been trying to draw attention to this issue. how do we know beyond this general sense of resource depletion just how unprepared companies are for this transition? >> well, we advise governments and businesses around the world, particularly leading organizations on resource efficiency and carbon reduction. we wanted to see whether there was a broader passion here and whether other organizations were engaged in the same way as leading organizations. we did market research. we looked into almost 500 executive opinions on essentially resource efficiency, resource crunch, what they were doing -- >> what do you mean resource? what kind of res
e-mail us, worldwide@cnbc.com. tweet us here @@cnbcwex. >>> going, going gone. depleting resources isn't just a concern for environmentalists but for the community, their. as finite materials become scarer and prices inch upwards, some companies have to look at alternatives. the resource crunch may be around the corner. joining us for more is tom delay, chief executive of the carbon trust. tom, welcome. >> good morning. >> you've been trying to draw attention to this issue....
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Dec 13, 2012
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joining us now is david scoutville. david, first of all, how do you know the 1 billionth tourist is out there today and where might he or she arrive? >> it's impossible to tell where that personal is going to arrive. but we've calculated very precisely today is the day that ta 1 billionth tourist is going to cross an international border. as you said in your introduction, there's auto huge increase since travel started. only four years ago, that figure was 445 million. so that figure is growing quickly. >> one of the questions, though, become what are the tourism hot spots? are we seeing a shift to where people are going, how they're traveling? what is the outlook for 2013, in your view? >> 2012 will finish at a growth about 2.12%. as we go into 2013, it will be about the same sort of growth rate. most of the growth is coming in asia. europe is still by far the biggest inbound and outbound market. most of the future growth is coming out of china. it is a market which is exploding. i think in 2010, they had 58 million pe
joining us now is david scoutville. david, first of all, how do you know the 1 billionth tourist is out there today and where might he or she arrive? >> it's impossible to tell where that personal is going to arrive. but we've calculated very precisely today is the day that ta 1 billionth tourist is going to cross an international border. as you said in your introduction, there's auto huge increase since travel started. only four years ago, that figure was 445 million. so that figure is...
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Dec 5, 2012
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joining us is sue foxley. good to see you. thanks so much for joining us. mark field says -- he's quoted today, he says figures show we've had a 53% decrease in greater london property sales between 2 and 5 million. is it all stamp duty? how much of an impact do you think it's had? >> i think stamp duty was really the nail in the coffin for that part of the market during this period. i mean certainly there is a struggle there in terms of the economy and there is uncertainty in order to make a big investment like that. people are a little bit nervous. i think the caution now is not so much the actual figure, which obviously don't's things particularly just over two million, but it's more the concern that actually we don't know quite what's going to come next. and we really need a stable transparent system that we can trust as how we're going to move in the future. >> the chancellor sticks another percentage on to stamp duty. if he raises it up one million, all going to have a big collective groan. >> i think we all should have a collective groan actually, be
joining us is sue foxley. good to see you. thanks so much for joining us. mark field says -- he's quoted today, he says figures show we've had a 53% decrease in greater london property sales between 2 and 5 million. is it all stamp duty? how much of an impact do you think it's had? >> i think stamp duty was really the nail in the coffin for that part of the market during this period. i mean certainly there is a struggle there in terms of the economy and there is uncertainty in order to...
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Dec 12, 2012
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joining us, managing director. what do you make of inditex. >> i think with the share price performance you've seen for that, up almost 70%, almost nothing would please the market. the results are a league of its own. 7% like -- remember, the business is still majority in spain, italy, portugal, greece, et cetera. over 50% of sales. there 7% like for like. margins rising. it is a special company. >> taking a big -- are they taking a chunk of market share, as well? >> absolutely. i think it goes back to the strengths of its model. i think more than anyone else they listen to the consumer. this is fast fashion taken to the extreme. there's something new in the stores every two weeks. there's a reason to keep going every two weeks. they get feedback from the store managers quickly on what's working, what's not working. go back to the production people, say we need this more, we need less of this. >> the supply chain must be -- where are they making this stuff? how are they able to get it into the store so quick three
joining us, managing director. what do you make of inditex. >> i think with the share price performance you've seen for that, up almost 70%, almost nothing would please the market. the results are a league of its own. 7% like -- remember, the business is still majority in spain, italy, portugal, greece, et cetera. over 50% of sales. there 7% like for like. margins rising. it is a special company. >> taking a big -- are they taking a chunk of market share, as well? >>...
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Dec 14, 2012
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sylvia, are you with us? can you hear us? i think sylvia lost her sound there so we'll come back out to her in just a second. if we can forward on to some of the other news we're getting out of that meeting, mario monti made a surprise appearance that we'll talk about as soon as silvia comes back. in particular, let's shift to asia and head to key elections. think in the most recent manufa worsening, meanwhile, opinion polls have been very consistent about which party is likely to become japan's next ruling party. kaori enjoji has more for this. >> japanese prime minister yoshi hikonoda is trying to keep his party in power just days before the election. it could pave the way for the return of the liberal democratic party of japan. >> japan is going to have another election due next year. and what abbe is perhaps going to do is to use the government machine as much as possible in order for the budget to be increased to sustain some of the public works because there is another critical juncture coming up because the japanese go
sylvia, are you with us? can you hear us? i think sylvia lost her sound there so we'll come back out to her in just a second. if we can forward on to some of the other news we're getting out of that meeting, mario monti made a surprise appearance that we'll talk about as soon as silvia comes back. in particular, let's shift to asia and head to key elections. think in the most recent manufa worsening, meanwhile, opinion polls have been very consistent about which party is likely to become...